We believe that once Nifty spot crosses 22,500 and if Bank Nifty manages to cross above 48,200 marks, then there could be another round of short-covering we can witness in Bank Nifty and then rally can extend to 48,700 also for Bank Nifty and then we can see some participation from the PSU bank also.
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
India’s economy surged by a better-than-expected 7.8% in the March quarter, exceeding forecasts and pushing FY26 growth to 7.7%. This robust performance was driven by